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Search Results 0 to 5 of about 6 (some duplicates have been removed)
property tax reduction would provide the most benefit to property owners who have owned their properties since 1999. some of the residents and owners who have owned their building for 20 or 30 years, they already pay low property tax so the bills act calculations would not help them. it would not reduce their property taxes anymore. if you just purchase property and it's a contributor to the district you would have high property taxes. the only people who can apply for the mills act property tax reductions are owners of properties of individual landmarks or owners of properties contributors to landmark districts as well as registered landmark districts. so designation of the duboce park landmark district would enable property owners to apply for the mills acted. it's not a dollar for dollar reduction. the mills act is a maintenance restoration or rehabilitation plan. it's a contract that the city enters into with the property owners, department reviews it, the city tax assessor reviews it and ensures the calculations are correct but it's not a dollar per dollar duction. if you were a new
it for property owners to take advantage of the property tax savings. the commission commended the new property owners to their commitment to fully restore the nightingale house. much of the property tax savings will go into the full restoration of the property. the commission did#clunanimoy approve the project and afforded a positive recommendation to the board of supervisors, with a couple of caveats or conditions to continue working with staff on a few minor details of the contract, mainly the phasing of the restoration to make sure that staff has the most updated information about when work will occur, and when staff needs to go out there to review the completion of that work, according to the state mandated requirements of the program. that conclude my presentation. and unless you have any comments. thank you. >> president fong: thank you. commissioner sugaya. >> commissioner sugaya: mr. frye, in terms of the mill's act in general, i know that under supervisor wiener's revisions there is now a yearly kind of process, as i understand it. and the initial deadline for let's say 2013 is may
around tax benefits. this has come up a lot in our neighborhood meetings. nobody understands the millsabilitmills actand to our s taken advantage of it supervisor wiener has improved the law but that sounds like a gini pig situation to me. i emphasize there are people in the community feel this will greatly add to the cost of living there in terms of extra designer fees, contractor, expediter fees and that will make it hard for people with young families to stay in the neighborhood. thank you. >> president fong: additional speakers who have called? >> hello. my name is kenneth wingard on the castro benefit district and the market octavia plan community advisory committee. and have a degree in architectural preservation. today i am here as a four decade resident of the neighborhood. i've renovated a 1860's cottage that was designated as unsalvageable and in 1905 edwardian that had fallen into disrepair. i fell in love with the neighborhood with these diamonds in the rough and have been delighted at the current glorious state of the neighborhood. there is no question that every
Search Results 0 to 5 of about 6 (some duplicates have been removed)